Answer:
11%
Explanation:
Nominal interest rate = real interest rate + inflation rate
6% + 5% = 11%
Anticipated Inflation rate is the rate at which it is expected that price levels would rise.
Real interest rate is the rate of interest that has been adjusted for the effects of inflation.
I hope my answer helps you
Answer:
The answer is given below;
Explanation:
a. Depletion Expense for the year ($7,500,000/600,000)*100,000=$1,250,000
b. The net income and as a results retained earnings will be reduced $1,250,000
c. The mineral rights will be reported at $7,500,000-$1,250,000 =$6,250,000
Answer: Option (B)
Explanation:
A corporation is referred to as the organization or a group of individuals that have been officially recognized by the federal government or the state in order to operate as the single body and thus is further recognized under the law for particular reasons. Most of the traditional entities in the early days were formulated by the charter. Nowadays , they are established by registration.
Answer:
$218,200
Explanation:
The computation of amount charged to income (expense and loss) is shown below:-
Total cost of the patent = $200,000 + $66,000
= $266,000
Amortization expense for 3 years = $266,000 ÷ 10 × 3
= $79,800
Net Patent cost = Total cost of the patent - Amortization expense
= $266,000 - $79,800
= $186,200
The amount charged to income (expense and loss) in 2024 related to the patent = Net Patent cost + Legal fees
= $186,200 + $32,000
= $218,200
Typical demographics data include gender, income and geographic region.
